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Naomi invested $3,425 in an account that pays 3% simple annual interest. What was the total balance in the account after 15 years? Account Balance = $___________

Naomi invested $3,425 in an account that pays 3% simple annual interest. What was the total balance in the account after 15 years? Account Balance = $___________
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Naomi invested $3,425 in an account that pays 3% simple annual interest. What was the total balance in the account after 15 years?

Account Balance = $___________

User BigFinger
by
7.7k points

1 Answer

4 votes

Answer: 4966.25

Explanation:

User Ctp
by
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